We are an LLP and did not have tax audit as turnover was not more than 40lakh in the previous financial year.
We have a freelancer (an individual person) working for us and the person charges us at an hourly rate. The amount we have paid so far does not exceed 30k. However, I am sure that it will exceed 30k in this financial year if we continue to use the services of that person in this year.
When should we start deducting TDS under 194J? When the amount exceeds 30K? Or we should start deducting amount right now?
CAclubindia
